See the latest Australian dollar analysis here:
A muted trading session here in Asia, echoing overnight tones with the stronger USD weighing on risk markets. Gold however is holding above the $1900USD per ounce level while Bitcoin has stalled yet again, failing to get back above the $40K level, having been somewhat steady since its Monday morning gap down:
The Shanghai Composite is up 0.4 % to close just above 3600 points while the Hang Seng Index is pulling back slightly after a previously solid session, down 0.3% to close at 29092 points. Japanese stocks are also putting on the brakes, with the Nikkei 225 closing 0.3% lower to 28549 points. Meanwhile the USDJPY continues to track sideways after showing little sign of life with the four hourly chart showing it still under the downtrend line from last week’s high:
The ASX200 put in a scratch session, finishing where it started as it absorbed the latest CAPEX print at 7094 points, while the Australian dollar is looking weak yet again, unable to break back above the mid 77 cent level versus the USD:
Eurostoxx and S&P futures are up only 0.1% or so with the four hourly chart of the S&P500 showing price still hesitating around the 4200 point level after previously gravitating around the intrasession high from last week. In other words, stalling:
The economic calendar ramps up with German consumer confidence and the latest USD durable goods order and pending home sales.